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Stock impact report

Tejon Ranch Q4 Earnings Call Highlights [Yahoo! Finance]

Tejon Ranch Co (TRC) 
US:NYSE Investor Relations: ir.tejonranch.com
Company Research Source: Yahoo! Finance
9% to $11.4 million , but net income fell to $1.6 million ($0.06/share) from $4.5 million due to one-time proxy defense costs; full-year revenue was $49.6 million with adjusted EBITDA of $24.2 million. Operational momentum: Commercial real estate remains the primary driver with the industrial portfolio fully leased, commercial ~ leased and Outlets at Tejon ~ , farming delivered decade-high revenue (Q4 farming $12.2M) and the new multifamily segment's Terra Vista is about 70% leased after Phase 1 lease-up. Governance, cost actions and funding plan: The board is implementing governance changes (right to call special meetings, smaller board, no executive committee) alongside workforce and overhead cuts and a $1M overhead savings target, while management is raising capital for Mountain Village , plans to use third-party JV equity (not a rights offering) and reports total liquidity of roughly $91 million Interested in Tejon Ranch Co? Here are five stocks we like better. Tejon Ranch Show less Read more
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